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2009 Triton Drive Mckinney, TX 75071

4 Beds 4 Baths 3,014 sqft Built 2018

INVESTimate

$449,900

List Price

$2,090

$1,881 - $2,299

Rent Est.

$482,923  ( +7.34%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $149.27
  • 7 Days on Market
  • MLS # : 14417161
  • Updated Date : 08/25/2020 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,014 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp And Associates Arlington

Listing Agent's Description

A 2 Swimming pool Community with so many extra's such as greenbelt and walking trails just to mention a few. This beautiful showcase home features 4 Bedroom and 3.5 baths - Master Bay Window, Gameroom and wet bar, with extended outdoor living space to maximize livability! The Devonshire plan built by Taylor Morrison has high ceilings with the family room and open concept great for entertaining in the kitchen, family, dining right out in the outdoor living space.This home has Ring Smart feature. 2 year roof!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: McKinney

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k360k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: McKinney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262358

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mcclure Elementary School Primary Regular 629 40 8
Scott Johnson Middle School Middle Regular 876 65 6
Mckinney North High School High Regular 2,089 134 8

Mcclure Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 40
8
GreatSchools Rating

Scott Johnson Middle School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 65
6
GreatSchools Rating

Mckinney North High School

  • Education Level: High
  • # of students: 2,089
  • # of teachers: 134
8
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,660
Property Tax -$847
Property Insurance -$201
HOA -$126
Property Management Fees -$99
CASH FLOW
-$844

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$449,900

PROJECTED PRICE

$2,090

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.34%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$22

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,090

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,080

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$1,9954$2,0905$2,100
$2,100
RENT COMPS ANALYSIS
  • 2009 Triton Drive Mckinney, TX 4
    • 4 beds 4 baths ∙ 3,014 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,014 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.69
    •  
  • 5421 Centeridge Lane Mckinney, TX 1
    • 4 beds 4 baths ∙ 3,029 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,029 Sqft ∙ Built 2005
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.66
    •  
  • 5209 Rustic Ridge Drive Mckinney, TX 2
    • 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2010
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.68
    •  
  • 2521 Slalom Drive Mckinney, TX 3
    • 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2010
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.68
    •  
  • 5312 Ridgepass Lane Mckinney, TX 5
    • 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2006
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
PROPERTY LISTING DETAILS
Kimberly Umber
Jp And Associates Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417161
Last Updated: 08/25/2020
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